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RE: Bitshares - State of the Network - 17th October 2017
I don't know who keeps selling Bitshares day in and day out, but I read these reports and can not think of a single reason any investor would do anything except buy BTS. It's crazy! Tinfoil hat time, but the only thing I can think of is a competitor trying to keep a lid on Bitshares because it threatens their business model. Hmmmmmm....
Man, just look at that comparison chart - then go look at the market caps of each coin. Does that make any sense whatsoever?
I have join
A lot of misinformation about dPoS, especially by not very tech literate people like Vitalik who obviously don't read much about other blockchains.
I updated FAQ today to address some of common questions I hear people make: https://bitcointalk.org/index.php?topic=1949828.0
So a lot of the selling was madatory selling because of margin calls. As the price falls people have to sell to maintain a margin level. If a large number of people Hodl. And there is a then market and then a bunch of people take out margin and the price starts to fall, eventually some gets a margin call. They have to sell. That causes the next person to sell, and that causes the next person to sell and so on. They fall like dominoes and the market can not absorb the impact. If you even took out a small loan when it was at 30 when it hit 4 you are likely to have a margin call. (or be forced to sell to and pay back that loan before then. Either way. It adds to the selling. This happens regularly in the Stock and futures markets.
Great point you posited.
One word - Betamax.
Totally agree with you John..I've been watching the price action myself like a hawk and every time it gains momentum it gets pushed down..may be whales accumulating at cheap prices...this price is insanely cheap..with companies like Bitspark moving over it just shows how massive this opportunity is..with Bitshares being able to handle the same volume of the Nasdaq and the dirt cheap fees, this is going to be the go to place for institutional money and venture capital, because they can accommodate so many aspects in business, from remittance, banking, payroll and insurance...the list goes on...wait until the truly large investors catch on and wallstreet is able to load up
Benar,,, kalau di pikirkan memang tidak masuk akal......